Market News

SURREY, BC – Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favourable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades. The Fraser Valley Real Estate Board recorded 12,224 sales on its [...]

Fraser Valley REALTORS® have once again demonstrated the power of community compassion as this year’s REALTORS Care® Blanket Drive comes to a close. Thanks to the generosity of Fraser Valley Real Estate Board (FVREB) members and their clients, this year’s drive collected more than 900 bags of blankets, coats, and warm winter clothing, providing comfort and [...]

SURREY, BC – Easing prices and abundant inventory weren’t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns. The Fraser Valley Real Estate Board recorded 943 sales on its Multiple Listing Service® (MLS®) in November, a 16 per cent decrease from October, and [...]

SURREY, BC – Fraser Valley home sales climbed for the second straight month in October, a sign that some buyers may be responding to steadily easing prices. The Fraser Valley Real Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®) in October, a 17 per cent increase from September, but 16 per [...]

Building faster, smarter: new report calls for a prefabricated housing strategy to accelerate affordability in BC SURREY, BC – FVREB is calling for bold action to unlock the potential of prefabricated and modular housing as one of the key solutions to British Columbia’s housing crisis. Its new report, Building Faster, Smarter, outlines nine practical [...]

SURREY, BC – Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory.The Benchmark price for a typical home in the Fraser Valley dropped one per cent in September to $926,300, down 5.4 per cent year-over-year. The continued softening of prices may be [...]

SURREY, BC – Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions. The Fraser Valley Real Estate Board recorded 931 sales on its Multiple [...]

SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per [...]

SURREY, BC – Economic uncertainty continued to be the main driver in buying decisions as home sales inthe Fraser Valley remain mostly unchanged, despite abundant inventory and lower prices. The Fraser Valley Real Estate Board recorded 1,195 sales on its Multiple Listing Service® (MLS®) in June, up one per cent from May, but nine [...]

SURREY, BC – On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May — a sign that buyer confidence may slowly be returning to the market.   The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up 13 [...]